Armstrong County Building And Loan Association Mortgage Rates, Fees & Info

Ford City, PA

LEI: 5493000HR6P25A740Y77

Tax ID: 25-0328590

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Armstrong County Building And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Armstrong County Building And Loan Association has a high proportion of conventional loans. Their top (well, only) market is Pittsburgh.

    Armstrong County Building And Loan Association has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    51

    Origination Dollar Volume (All Markets)

    $9,535,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    PITTSBURGH, PA (FHA|USDA|VA) 51 $9,535,000 $186,961 $0 0.00%
    Armstrong County Building And Loan Association's top markets include and Pittsburgh among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 51 $9,535,000 $186,961 $0 0.00%

    For 2023, Armstrong County Building And Loan Association's most frequently originated type of loan was Conventional, with 51 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 31 $7,155,000 $230,806 $0 0.00%
    Other 13 $1,135,000 $87,308 $0 0.00%
    Refi 6 $1,130,000 $188,333 $0 0.00%
    Home Improvement 1 $115,000 $115,000 $0 0.00%

    For 2023, Armstrong County Building And Loan Association's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Other, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 51 $9,535,000 $186,961 $0 0.00%

    For 2023, Armstrong County Building And Loan Association's most frequently cited loan duration was Other, with 51 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $1,070,000 $59,444 $0 0.00%
    $100k-200k 16 $2,270,000 $141,875 $0 0.00%
    $200k-400k 14 $3,810,000 $272,143 $0 0.00%
    $1MM+ 1 $1,075,000 $1,075,000 $0 0.00%
    $400k-600k 1 $485,000 $485,000 $0 0.00%
    $600k-1MM 1 $825,000 $825,000 $0 0.00%

    2023 saw Armstrong County Building And Loan Association place emphasis on $100,000 or less loans with 18 originations, totaling $1,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 13 $2,855,000 $219,615 $0 0.00%
    $100k-150k 11 $2,145,000 $195,000 $0 0.00%
    $50k-75k 10 $1,050,000 $105,000 $0 0.00%
    $75k-100k 8 $1,000,000 $125,000 $0 0.00%
    $50k or less 7 $585,000 $83,571 $0 0.00%
    $250k+ 2 $1,900,000 $950,000 $0 0.00%

    Armstrong County Building And Loan Association lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $100k-150k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 51 $9,535,000 $186,961 $0 0.00%

    Armstrong County Building And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 50 $9,450,000 $189,000 $0 0.00%
    Black 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Armstrong County Building And Loan Association has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.12%

    Armstrong County Building And Loan Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 51 $9,535,000 $186,961

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    51 $9,535,000 $186,961